PRINCE2®

PMP® (PMI-PMBOK )

PRINCE2 Owner is  AXELOS®, United Kingdom.

PMP® Administered by PMI, United States.

A process-based project management methodology, explains “what should you do” to manage successful projects

A knowledge-based approach to project management, explains “what should you know” to enable you to manage project with good practices.

Prescriptive framework – captures best practice and tells you what to do. Focuses on Processes for starting, controlled execution and closing of projects.

Descriptive framework –  explains the knowledge areas, such as risk, time management etc., in detail with good practices

Integrated set of process and themes, which can’t be used in isolation. Also mandatory 7 principles which should be  followed.

Each topic/knowledge area can be referred in isolation, kind of plug and play model.

All the project roles are clearly defined

Mostly focuses on project manager’s role

PRINCE2® unique concept of “Tailoring Approach” to adapt to project, enables the framework to be highly scalable and flexible

As PMP® focused on knowledge areas, doesn’t offer such flexibility